With Bitcoin and altcoins aiming for a comeback week, Avalanche nears a trendline breakout. Will the short-term recovery propel altcoin above the local supply line and hit the $30 mark?

Here is how some of your favorite assets concluded the week.

Avalanche's native cryptocurrency, AVAX, is at a crucial point in the market, testing a critical support level at $25. Investors are closely watching this price point to determine whether AVAX will rebound or face further declines.

The price of Avalanche (AVAX) had dropped to the bottom of the chart but has recovered.

AVAX tested a key $25 support level as whale transactions surged following the first AI-focused layer 1 launch by Kite AI.

The Mantra (OM) token has attracted significant attention in the cryptocurrency market as it continues to expand in the DeFi sector. With an impressive market capitalization of $5.63 billion, the project has shown remarkable growth, particularly when compared to its all-time low of $0.000858.

Kite AI, the decentralized AI infrastructure provider, announced on Feb 6, its first AI-focused Layer 1 sovereign Blockchain built on Avalanche, the Blockchain platform. Currently launched in its testnet stage, it made its public testnet live on its platform, Kite AI.

Virtune, a Swedish crypto asset manager, has launched new exchange-traded products (ETPs) in Finland, giving investors easy access to Avalanche (AVAX) and Cardano (ADA). Virtune CEO Christopher Kock described the new products as timely, pointing at the growing demand.

Stellar (XLM) has recorded significant investor interest within the last 24 hours, and the asset looks set to take on AVAX. According to CoinMarketCap data, the trading volume of XLM has soared by 24% within the time under consideration.

Software companies like Salesforce Inc. and Workday Inc. face a balancing act when it comes to fulfilling the need for AI integration and keeping costs relatively low. Their search for solutions has led them to hire staff outside the US.

Kite AI has launched the first AI-focused Layer 1 blockchain on Avalanche, creating a decentralized environment for AI models, tools, and data.

Avalanche provides a scalable and transparent foundation for AI applications, which may bolster institutional AI adoption.

Launched the testnet dedicated to those who want to develop decentralized dApp based on artificial intelligence.

Avalanche (AVAX) has been struggling as it drops below the $27 mark, continuing its downward trajectory. Analysts are predicting a potential crash toward the $20 range, as the bearish pressure surrounding the token intensifies.

Virtune Avalanche ETP and Virtune Staked Cardano ETP will now be accessible to both institutional and retail investors on Nasdaq Helsinki through banks. The post Swedish Crypto ETP Issuer Virtune Lists Avalanche, Cardano ETPs on Nasdaq Helsinki appeared first on Cryptonews.

Swedish crypto asset manager Virtune is now giving investors in Finland exposure to Avalanche and Cardano via its newly launched crypto ETP products.

Ethereum price has struggled this year as it faced numerous challenges, including the rising competition with Solana and Base. ETH has dropped to $2,815, down by over 30% from its highest level this year. So, let's explore some of the best Ethereum rivals to invest in and turn $100 to $1,000 by March 31st.

However, the growing bear action in the broader market has continued to impact altcoins like Ethereum (ETH), XRP, SUI, and Avalanche (AVAX) in different measures. As of writing, the combined crypto market cap is down 1.56% to $3.16 trillion, proving that headwinds remain.

Avalanche faces bearish pressure after breaking a symmetrical triangle.

Avalanche (AVAX) price has been in a downtrend for the last two months, currently trading at $27. The altcoin has lost key support floors, which has caused whale investors to lose patience.

Despite the recent market crash, will Avalanche price bounce back within a falling channel for a breakout rally? Or is a downfall to the $20 mark inevitable?

"I'm all in on OM you should be too," one popular X user said.

Mantra (OM) has experienced impressive growth in recent weeks, with the price jumping over 52% in just the past 30 days. As of February 2025, OM has successfully retested its $6 mark, experiencing a bullish reversal that suggests strong positive momentum.

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Over the past 90 days, the following 10 altcoins have led the market, with XCN and FARTCOIN emerging as frontrunners with 4-digit gains.

The OM price has displayed a strong bullish recovery overnight, highlighting increased buying pressure for the altcoin in the cryptocurrency market. Moreover, the bulls maintained the value above the $6 mark. This resulted in the Mantra price recording a positive bounceback.

OM has experienced an impressive 70% rise in the past ten days, breaking out of a two-month-long consolidation phase. The altcoin recently posted a new all-time high (ATH) at $6.29, reflecting strong bullish momentum.

THORChain's node operators approved a plan to convert $200 million in debt into equity tokens, but community members are raising concerns over its long-term viability.

THORChain suspended THORFi services on January 23 and implemented a 90-day restructuring plan to address debt from its Savers and Lending programs.

Hyperliquid (HYPE) and Mantra (OM) have shown strong gains in the past 24 hours while the broader crypto market plummeted.

Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities.

Bitcoin slipped to towards low 90s but recovered above 99k after tensions eased.

ThorChain will restructure $200M in toxic debt from ThorFi, paying out creditors with new TCY tokens. Each TCY token will have a nominal value of $1 for each $1 in lost collaterals, but will start trading at $0.10, allowing some creditors to cash out at a loss.

The majority of validators and other governance members voted in favor of converting debt into equity, moving forward with the TCY issuance.

Mantra, the popular blockchain network for real-world asset tokenization, rose by 10% even as most cryptocurrencies crashed. Mantra (OM) climbed to $5.30 on Monday, slightly below its year-to-date high of $5.

Cryptocurrency analysts of Coinidol.com report, the price of Avalanche (AVAX) is falling below the moving average lines.

TL;DR THORChain is addressing its $200 million debt by issuing a new token called TCY, converting defaulted debt into equity. TCY token holders will receive 10% of THORChain's revenue in perpetuity, aligning their interests with the protocol's long-term growth.

TCY tokens will be distributed at a rate of 1 TCY per dollar of defaulted debt, turning lenders and savers into equity holders.

Thorchain community passed a proposal to resolve its debt crisis and plans to convert defaulted debt into TCY equity tokens.

Bitcoin price lost the $100,000 level, and altcoins continued to sink lower. Will OM, XMR, MNT and GT lead the recovery?

As RUNE holders awake to more bad news and a plummeting token price, with the passing proposal 6 by a super majority, can the troubled cross-chain swapping protocol “get users liquid again?” THORChain ‘death spiral' On January 24, CryptoSlate reported that THORChain had suspended Bitcoin and Ethereum withdrawals within its lending and savings programs after

MANTRA (OM), the altcoin associated with the real-world asset tokenization platform, has captured considerable attention in the crypto market. Since March 2024, the token has high by nearly 20 times in value, delivering significant returns to early investors.

Avalanche has faced intense selling pressure over the past two months, with its price plunging more than 42% since mid-December. The market remains highly volatile, driven by uncertainty, but recent signs of recovery suggest a shift in sentiment.

The AVAX price has been mostly quiet since the start of 2025, mirroring the climate of the altcoin market so far in the new year. After reaching a local high of $55 in early December 2024, the Avalanche token has been in a steady decline, reaching as low as $32.2 on Wednesday, January 29.

The OI went from $46 million in mid-November to $434 million on 31 January.

Litecoin (LTC) and Mantra (OM) rallied in double-digits this week. Technical and on-chain analysis suggests the two altcoins are poised for further gains next week.

Avalanche's native cryptocurrency, AVAX, has recently demonstrated a noteworthy rebound after experiencing a significant decline in its price. As of January 31, 2025, the token was trading at approximately $34.60, reflecting an impressive 3.05% increase in the last 24 hours.